ByBit has officially enabled support for USDC deposits and withdrawals on the Sui Network. The integration is designed to provide users with faster, cheaper, and more efficient stablecoin transactions.

This development deepens the collaboration between the crypto exchange and the Layer-1 blockchain, Sui. By adding another network option for USDC, ByBit is addressing the demand for lower transaction costs and higher speeds, which are key features of the Sui blockchain.

This move is part of a broader industry trend where exchanges are expanding multi-chain support for major stablecoins. It signals the increasing competition among exchanges to offer users more flexibility and efficiency for their digital asset management, while also driving user adoption for partner blockchains like Sui.